peHUB First Read

* Court kills Chrysler conspiracy theories. The big takaways: "If you’re a debt holder, you need to offer solutions of your own – otherwise a company can sell its assets free and clear to a white-knight buyer. And if you’re part of a group of secured lenders, the lead agent holds sway on whether to cut deals with whomever it chooses." * The Blackstone Group will report Q2 earnings shortly, and I'll be live-blogging a 9:30am media call here. Hope you join in with questions and comments. I'd bet they plan to keep close tabs on Hyatt Hotels' IPO quest. * Morning Call: U.S. futures point higher, London rises early, European shares rise on financials, the Nikkei climbs on autos and Hong Kong splits with Shanghai. * Mary Shapiro wants the SEC to self-fund. * The AIG bailout has been a fee bonanza for Wall Street lawyers, accountants and the rest. * Changing of the guard at MIT's Entrepreneurship Center. Morse out, Auelet in. * CalSTRS discloses its 10-year investment plan (.pdf). The private equity info is on pages 29-32.